Indebtedness consisted of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
|
Amount |
|
|
Interest
Rate |
|
|
Amount |
|
|
Interest
Rate |
|
$5.5 million revolving credit arrangement – related party |
|
$ |
3,238 |
|
|
|
6.63 |
% |
|
$ |
5,024 |
|
|
|
7.18 |
% |
$15.0 million revolving credit arrangement – related party |
|
|
4,325 |
|
|
|
6.62 |
% |
|
|
— |
|
|
|
— |
% |
$0.9 million term loan – related party |
|
|
636 |
|
|
|
11.75 |
% |
|
|
636 |
|
|
|
11.75 |
% |
€7.0 million term loan |
|
|
1,332 |
|
|
|
4.23 |
% |
|
|
2,172 |
|
|
|
4.38 |
% |
€1.5 million term loan (2) |
|
|
— |
|
|
|
— |
% |
|
|
151 |
|
|
|
1.70 |
% |
Deferred Loan Settlement |
|
|
6,942 |
|
|
|
— |
% |
|
|
6,887 |
|
|
|
— |
% |
$0.5 million demand note – related party (1) |
|
|
— |
|
|
|
— |
% |
|
|
500 |
|
|
|
4.60 |
% |
$0.25 million demand note – related party (3) |
|
|
— |
|
|
|
— |
% |
|
|
250 |
|
|
|
4.60 |
% |
|
|
|
16,473 |
|
|
|
|
|
|
15,620 |
|
|
|
|
Less: Current portion of long-term debt and short-term debt |
|
|
(8,910 |
) |
|
|
|
|
|
(3,155 |
) |
|
|
|
|
|
$ |
7,563 |
|
|
|
|
|
$ |
12,465 |
|
|
|
|
(1) $0.5 million demand note; repaid in full February 2026. (2) €1.5 million term loan due April 2026; repaid in full April 2026. (3) $0.25 million demand note; repaid in full May 2026.
|